Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 350 $154,000 Revenue ($440.009) Expenses : Wages and salaries ($11,600 + $124.009) Supplies ($6.00g) Equipment rental ($2,500 + $26.00) Insurance ($3,900) Miscellaneous ($530 + $1.489) Total expense Net operating income 55,000 2,100 11,600 3,900 1,048 73,648 $ 80,352 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole dollar.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income